Recent Posts in Non-Dischargeable Debts Category
Posted on Nov 14, 2011 By Nicholas Westbrook
While a Chapter 7 Bankruptcy can discharge (i.e., eliminate) many types of debts, there are 19 categories of debts that Congress has identified as not dischargeable (called "excepted from ...
Continue reading "Some Debts Cannot be Discharged Through Bankruptcy" »
Posted on Sep 22, 2011 By Nicholas Westbrook
A Debtor in Chapter 13 Bankruptcy is required to pay all disposable income (income remaining after all expenses and deductions are accounted for) into a repayment plan over three to five years. When a ...
Continue reading "Tax Refunds After Filing for Chapter 13 Bankruptcy" »
Posted on Aug 8, 2011 By Nicholas Westbrook
Of all the creditors you are facing or may face in your lifetime, the Internal Revenue Service is the most powerful. The IRS has significant collection powers unlike anyone else. Moreover, federal law ...
Continue reading "Bankruptcy Can Help with IRS Taxes" »
Posted on Jan 12, 2011 By Nicholas Westbrook
Discharging student loans through a Bankruptcy is very difficult to do. The U.S. Bankruptcy Code states that a debtor may obtain a discharge of a government-sponsored student loan only if repaying the ...
Continue reading "Student Loans and Bankruptcy" »